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Search Results 0 to 49 of about 67 (some duplicates have been removed)
CNBC
Dec 3, 2012 11:00pm EST
fiscal cliff, and hopes that we might get a possible deal to bridge the fiscal cliff in washington. but through the period these ten growth stocks have held up surprisingly well. i say surprising, because these stocks all had huge gains going into the fourth quarter. and with the fiscal cliff looming, many investors have been selling their biggest winners to take advantage of the current low capital gains tax rates that will likely go away come january. if we get a positive resolution caught to the fiscal cliff, you'll want to buy these stocks hand over fist. because then they'll really be able to roar. how have the anointed names done? >> amazon started at 259, pulled back to 220 before rebounding to 250, where it is right now. google has been pounded. it went from over 760 to below 660, but it's rebounded to 695. mastercard and visa, they took 25-point dives. i told to you buy them into weakness. falling from 475 to 450, and rallied to 487. these are great ones to buy now. a dozen points where above where i recommended. that's a win. visa has moved up nicely from 136 to 149. ulta
CNN
Dec 4, 2012 4:00pm PST
spark when it came to negotiating a deal to avoid the fiscal cliff, which is the christmas present the country needs. today we heard president obama's response to the proposal that house speaker john boehner put on the table yesterday. >> the speaker's proposal right now is still out of balance. >> of out of balance. kind of similar to what republicans said last week when the president sent over his terms. so now what? will they sit down and talk it through? well, not according to at least one senior republican aide who told cnn today, no conversations today, no e-mails, tweets, carrier pigeons. as for boehner and obama, they actually did see each other in person at the white house holiday party last night in black tie. while other lawmakers waited in line to get the photo with the president, multiple sources from both sides of the aisle tell cnn that boehner wasn't among them. so much for holiday cheer. we have this picture. we're wait fworg the day there's a fiscal cliff. there wasn't total silence in washington today. senate majority leader harry reid spoke up. but in his case,
CNN
Nov 29, 2012 4:00pm PST
breaking news. new details on the fiscal cliff deal that timothy geithner put on the table today during his meeting with congressional leaders on the hill. these details just coming in. jessica yellin has that and what have you learned about what geithner took you know, listed out with the numbers and put on the table? >> hey, erin, here are some of the details i'm getting from senior officials on both sides. the headline is that he put out a number of $1.6 trillion in new taxes. that was at according to republican officials, a surprise. they expected a much smaller number and that has some republicans crying foul. he proposes extending unemployment insurance. continuing the dock fix. that's approving additional spending on medicare to pay doctors. the amt patch protecting middle income americans. $50 billion in stimulus next year and in return, the administration would offer $400 billion in additional medicare and other entitlement savings next year to be spelled out as they negotiate. there would also be an agreed mechanism for allowing a vote on a debt ceiling increase for perpetui perpe
CNN
Dec 4, 2012 11:00pm PST
can't see the light when it comes to the fiscal cliff. 28 days to go. what will it take to get a deal? >>> plus, the stern warning for syria from nato. the use of chemical weapons will bring an immediate reaction from the international community. we ask our panel if the united states will go to war. >>> and a new hollywood movie about the hunt for osama bin laden sparks oscar buzz and outrage. questions over just how much confidential information the film makers had access to. an "outfront" investigation. let's go "outfront." ♪ >>> good evening, everyone, i'm erin burnett. "outfront" tonight, let there be light. finally, some bulbs turned on in washington this evening. well, on the congressional christmas tree, that is. pretty beautiful. lights, love, camaraderie, song. but while our lawmakers took some time to celebrate together, they still weren't showing any spark when it came to negotiating a deal to avoid the fiscal cliff, which is the christmas present the country needs. today we heard president obama's response to the proposal that house speaker john boehner put on the table
MSNBC
Nov 30, 2012 6:00am PST
to a f fiscal cliff deal. what's the latest and is this posturing, kelly, or is this real? i mean, is this disagreement about kind of laying out the stakes of where everybody stands and what they're willing to give or is it a possibility that we don't get a deal? >> reporter: well, you do hear rumblings, chris, about no deal. but at the same time people are saying there's still some negotiating time left and a bit of optimism. when you heard the tone of what was unfolding yesterday, it was kind of shocking to republicans who would say that the president's offer is so far from a negotiating point that they are surprised not so much that these are the positions that we're in because much has been the president's public rhetoric but in terms of real negotiating they say they were surprised this wasn't the kind of offer that would have happened some weeks ago, meaning right after the election if you want to start there. but now with just four weeks to go they felt the president needed to move further. democrats believe these are the priorities that voters reinforced with their ballots
MSNBC
Dec 3, 2012 4:00pm PST
of the opposition to any at the potential fiscal cliff deals speaker boehner can work out with the president. he can't work anything out without this guy's approval. yesterday grover norquist warned of a wave of tea party anger, a tea party two that would dwarf anything we've seen before. let's take a look at the threat from grover. >> understand how ugly the next four years are going to get. everything in obama care that obama didn't want you to focus on or think about, the 90% of his trillion dollar tax increase, was pushed over until after he got himself safely re-elected. all those regulations you're now hearing about, okay, that are being -- those all hit after the election. we got four bad years of regulation taxes, he wants to add higher taxes to that. tea party two is going to dwarf tea party one if obama pushes us off the cliff. >> there's a dr. strangelove. how many republicans will be willing to stand up to that threat? david corn is here to talk about it, the washington bureau chief for mother jones and the author of "47 percent." he's a member of the gridiron society. and john feehery i
MSNBC
Dec 2, 2012 12:00pm PST
sides seem to be standing firm over what they want out of the fiscal cliff deal this morning. this is what house speaker john boehner said about the state of the negotiations. take a listen. >> i think they're -- they won the election, they must have forgotten the republicans continue to hold the majority in the house. but you know, the president's idea of a negotiation is -- roll over and do what i ask. we need to find common ground and we need to find it quickly. >> governor, are they going to be able to find that common ground quickly? >> yeah, i think they are. you know i have to laugh. in the first term, the president was criticized by his base for giving in too quickly or too easily. this is a negotiation. and in the negotiation, you don't put on the table initially where you want to wind up. you put out what's your bargaining position and both sides have to understand that. but what i do think is important, is both sides, and not just the president, but our democrats in the congress as well. have to understand both sides have to understand what the other side needs to
MSNBC
Dec 3, 2012 7:00am PST
to be digging in on a fiscal cliff deal and so right now it's a stalemate. >> for right now i would say we're nowhere. period. we're nowhere. >> what are the chance we'll go over the live? >> there's clearly chance. >> tuning we'll get a deal by the end. year. >> do i. >> i think we'll go over the cliff. >> republicans are angry the president presented them with an offer they don't think is serious. but the president's new negotiating strategy is clear, don't give in. don't start with concessions. even as some republicans say they don't think they need to put out any kind of formal proposal. let me bring in "the washington post" columnist and our politics reporter. good morning. so the headline in the "new york times" is pushing the gop to negotiate, obama ends giving in. and peter baker writes that president obama has emerged kind of a different style of negotiator in the past week or two, sticking to the liberal line, frustrating the republicans clearly. this is a strategy his base might like but i'm wondering will it make him a better deal maker? >> it just may mean that republicans ult
MSNBC
Dec 3, 2012 10:00pm PST
in on a fiscal cliff deal. >> a new week brings new opportunities for gridlock. >> right now it's a stalemate. >> republicans used words like stalemate. >> is this a true stalemate? >> i would say we're nowhere. >> going nowhere. >> the path to nowhere. >> you're doing it wrong. >> just 28 days left. >> i think we're going over the cliff. >> it's not a good sign. >> republicans were flabbergasted. >> flabbergasted. >> you can't be serious. >> going nowhere just 28 days left. >> i feel almost sorry for john boehner. >> does john boehner have control of his caucus? >> will john boehner lead his caucus? >> is he leading his caucus or will his caucus lead him? >> two party two is going to dwarf tea party one. >> this is embarrassing. >> he's the problem. >> he's willing to act like the election never happened. >> we're not getting anywhere. >> we're going over the cliff. >> it's the gop who has been short on specifics. >> i would say we're nowhere, period. we're nowhere. >> the same exact policies. >> this shows that republicans are really chicken hawks. >> you can't be serious. >> chicken hawks
MSNBC
Dec 4, 2012 9:00am PST
maybe in this fiscal cliff deal. grover, the first question i have for you is this, your pledge, the pledge that many republicans have signed on to, opposes any and all efforts to increase marginal income tax rates and opposes any net reduction or elimination of deductions and credits unless matched for dollar by further reducing tax rates. closing loopholes and ending deductions would seem to increase the tax burden that americans are paying to the federal government. given that, do you support the proposal put forward by john boehner? >> well, because the proposal is significantly amorphous, you could get those revenues through economic growth and we don't really have things nailed down, i don't want to talk about a hypothetical, but there is a danger that when you put revenues on the table, even revenues through economic growth, if you grew at 4% a year, reagan levels, instead of 2%, french levels or obama levels, you would net $5 trillion in additional revenue to the government, you could pay down all of obama's additional debt by higher levels of growth, not raising taxes.
CNBC
Nov 29, 2012 9:00am EST
at a deal to deal with the fiscal cliff? rand paul is defending the northwest pledge not to raise taxes. but the rim rally months on, this time black berberry is on rise. nobody said an inkjet had to be slow. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use. it's the ultimate combination of speed, small size, and low-cost printing. >>> go ahead man citing a variety of benefits for the january introduction of the blackberry operating system. dare i say, this is march of the penguins. >> yeah, it is, we have seen the stock which you know we have reported on many times, heavily shorted. a lot of this move has been short covering. suddenly they're saying maybe there's more value than the intellectual property. in gold man's case, they're saying now it has a $3 billion value. previously theirest mate was just cash and ip. now you have $3 billion because you think blackberry is going to do well. >>
CSPAN
Nov 29, 2012 7:00am EST
the fiscal cliff. that's the hill newspaper. here's politico this morning, inside the talk, fiscal cliff deal emerging is what some write this morning. and that's from politico this morning. first call up on our question this morning, g.o.p. says address the spending problem and in silver spring, maryland, democrat, good morning anne. caller: yes, well i would like the g.o.p. to be a little more specific because all of them who signed the pledge they want to slink government. i listen to c-span. they're so upset about ben gauzey, which they should be upset about, they don't take into account that the state department has a shoestring budget. people are very upset about the compounding, but the f.d.a. operates on a shoestring budget because they have been shrinking government. host: so anne, do you see room for cut? caller: yes, i see room for budget cuts in the defense department. i'm a senior citizen facing retirement, and i really do believe in some means testing for social security. it's an insurance program. and there are people, you're just like with your health insurance, if you're real
MSNBC
Dec 2, 2012 9:00am PST
and go to the fiscal cliff. how much harder does that make it to reach. a deal? >> it really doesn't make it anymore difficult. we're see egg the usual choreography of negotiations where the parties start o out with their opening positions. what the speaker doesn't like is he's in a weak position on this it issue. he needs to have a heart to heart discussion with his conference and say, look, we lost the election. we lost on this issue. the american people are not with us on this issue. they think those who have done well can be asked to do more. we're going to have to give. the thaj for the president is to know how much he needs to give to the speaker to allow the speaker to sell that to his own conference. >> i have to bet all of you watching have ideas on where the middle ground lies. do you have a position on that? do you see it? >> i have certainly some idea of where the compromise could be. the president has set a target for how much new revenue he wants. you can get a lot of that by raising the rates above $250. if there was additional eliminations, you can get to the same number a
FOX Business
Dec 3, 2012 11:00am EST
before this fiscal cliff deal. dennis kneale is coming up with tracy byrnes. they have a little tea party talk themselves. diane black will join them. lori: trusting car salesman before they trust their congress people. stay with "markets now." ♪ >> announcer: u never know when, but thieves can steal yourdentity and turn your life upside down. >> hi. >> hi. you knowi can save you 15% today if you open up a charge card account with us. >> you just read my mind. >> announcer: just one little piece of information and they can open bogus accounts, steang your credit, your money and ruining your reputation. that's why you need lilock to relenessly protect what matters most... [beeping.] helping stop crooks before annow you can have the most comprehensive identity theft protection available today... lifelock ultimate. so for protection you just can't get anywhere else, get lifelock ultimate. >> i didn't know how serious identity theft was until i lost mcredit and eventually i lost my home. >> announcer: credit monitoring is not enough, because it tells you after the fact, sometimes as much as
CNN
Dec 4, 2012 4:00am PST
. in the next half hour, we'll talk about the prospect for a fiscal cliff deal with california's democratic congressman xavier becerra. >>> the rain and flooding are relentless in northern california. four storms in less than a week left at least one death now attributed to those storms. and more rain is expected today. let's get right to meteorologist rob marciano. he is following it all from the cnn weather center in atlanta. good morning. >> good morning, zoraida. this is the worst stretch of storms that northern california has seen really in about two years. another punch today then we'll set up for a dry trend. the good news is that it has been dry so the ground, even though we've seen a lot of major flooding, the ground has absorbed a fair amount of it. seattle to portland, rain right now. snow at the highest elevations, and the rain will eventually push down into san francisco and sacramento later on today. this system is actually messing up the atmosphere and creating a lot of warmth across much of the country. if you live anywhere east of the rockies, actually anywhere east of the
Current
Dec 5, 2012 9:00am PST
is spending half a million dollars on a new ad campaign to push for a fiscal cliff deal that includes more spending cuts and fewer higher taxes. >> so far he says more taxes. >> the truth is the white house deal did propose some $600 billion in healthcare and spending cuts. finally, secretary of state ken says he will investigate the state's voting problems. the republican in florida told the state ethics and elections committee he will dispatch a special team to investigate the five florida counties that had especially-long lines. right after it he defended florida's voting mess saying he had no regrets. wewewewewewewewewewewewewewewewewewewewewewewewewewewewewewe on to me now? you know the the kind of guys that do reverse mortgage commercials? those type. those types are coming on to me all the time now. >>> she get's the comedians laughing... >>>that hilarious. >>>and the thinkers thinking. joy>>>okay so. there's wiggle room in the ten commandments is what you're telling me? >>she's joy behar. joy>>>and the best part is that current will l
CNN
Nov 29, 2012 8:00pm PST
a deal. you've got 98% agreement on taxes. take that deal. don't go over the fiscal cliff. live to find another deal on a grand bargain. tax reform, entitlement. >> you really think democrats, they get that tax increase, that they're going to come and give spending cuts later. >> i think there are ways you can try to make it. eric's made a great point historically that things like ruddman, the spending cuts never end up happening. everyone who's realistic at the table recognizes you've got to have a balanced plan. serious cuts and revenue increases. you can't -- >> we've had 18 debt and deficit commissions since '81. the cuts never came. >> cynicism isn't a plan though, eric. we need to put forward a plan. can't just keep saying they're screwing it up. >> if you don't put cuts in though with tax increase, you've got a problem because it's easy to raise taxes on a few people. most people will not support cuts that hurt them. >> you've got to have entitlement reform. >> you can actually lower rates, close loopholes and raise revenue. >> all right. thanks to both. appreciate it. more than
FOX Business
Nov 28, 2012 10:00pm EST
street. the market interpreted positive statements on a potential deal on the fiscal cliff by house speaker and rebounded from what had been a 112-point slide after the morning's opening bell. the dow jones industrials reversed, as i said, on the speaker's positive remarks and finished the session up 107 points. s&p up 11, nasdaq gained 24. all ten s&p 500 sectors moved higher on the day. that is the first time it has happened since october 4th. retailers drove the consumer discretionary sector energy industrials lead in the wake, and the rally started just minutes before house speaker made it clear that republicans are willing to deal on revenue and ready to find a resolution now >> we all know that we have had this spending crisis coming at like a eight train. it mst be dealt with. and in order to try to come to an agreement, republicans are willing to put revenue on the table, but it is time for the president and democrats to get serious about the spending problem that our country has. i am optimistic that we can continue to work together to avert this crisis sooner rather than l
FOX Business
Nov 29, 2012 10:00pm EST
on spending cuts within the budget plan to be included in the fiscal cliff talks. >> can you also look in the camera and say dear democrats, both for and include some of the spending cuts in this deal to avoid the fiscal cliff. because that's not what they're doing right now. should they include this? >> yes, and i know that democrats except that this has to be a balanced package that includes revenues and cuts and spending cuts. >> yet months ago, that ws voted down 99 to zero. earlier this week, the number two democrat in the senate, dick durbin, insisted maj spending cuts and entitlement reform will not be part of these talks. nancy pelosi has been noncommittal about whether cuts will be in the deal. still, they are trying to breathe into the talks with vice present biden shopping avenue costco in washington, picking up a big-screen tv and an apple pie and insisting he is optimistic of the deal. >> i am. all these folks in the store. they are ing to make a difference. reporter: a phone call last night betwee speaker boehner and the president was very curt. it signaled that the presi
CNN
Nov 28, 2012 10:00pm PST
. let's get to the fiscal cliff. the president set the deal, over the next decade. are there specific ways of reaching that figure that both of you might agree on? >> well, you know, i think one compromise i agree with the democrats on, we need to cut the military spending. so i think the compromise, the conservatives like myself that think the national defense is important, should compromise on the military spending, and liberals should compromise on the welfare. >> and both sides are going to have to compromise on this, beyond defense spending is there any other compromise that you could see you supporting? >> well, it mostly has to be to me on the spending side. we used to spend about 20% of gdp, we're now spending 25% of gdp. so federal spending has gone up in an alarming rate in the last four years. and when people come to me and say oh, we just have to raise taxes on rich people. one, there is not enough money. and two, you often find when you raise rates you get less revenue. and sometimes you find when you lower rates you get more revenue. >> what do you make of your fellow re
MSNBC
Nov 30, 2012 3:00am PST
's the theme song for that. our theme song today is will we get a fiscal cliff deal done? and i appreciate the music and hopefully we'll hear some sweet music from congress about this. getting down to the wire, guys. >> wow. i don't even know where to start. >> don't stop. keep going. >> please stop. please stop. >> i had a lot of sugared cereal for breakfast this morning. >> references -- he's great is what he is. >> a deejay? you're a deejay? >> a guy throwing around references coming off wilkos like that is aok can me. >> movie anchorman today, sullivan. >> stop it. >> so, brian sullivan international, what exactly does san diego mean in german and, secondly -- >> it's an ancient german word. >> my god. >> and, secondly, brian sullivan international, what do the futures look like right now based on the distressing opening salvo yesterday between tim geithner and republican leaders? >> mika can't hide behind the book. they don't look like much. they're flat to slightly down. everybody is in wait-and-see mode here. there's a story out that mitch mcconnell burst out laughing when tim geith
MSNBC
Dec 4, 2012 1:00pm PST
of the fiscal cliff offer that the gop offered yesterday, a lot of right wing interest groups, specifically americans for prosperity, said, quote, this spending reduction is too small. this plan leaves conservatives wanting. also interesting today mitch mccandle when asked about speaker boehner's proposal did not necessarily deflect it but did not embrace it wholeheartedly. sort of saying it's nice that came out of the house side. so there is a little bit of consternation amongst real conservatives about this plan because the $800 billion in revenue, they see that as a tax hike, but as we well know, that's the basement for any sort of compromise. those folks are pretty much going to have to come along. >> nbc's luke russert. thanks so much. >> take care. >> stay with us. the day's "top lines" are coming up. [ woman ] ring. ring. progresso. i just finished a bowl of your new light chicken pot pie soup and it's so rich and creamy... is it really 100 calories? let me put you on webcan... ...lean roasted chicken... and a creamy broth mmm i can still see you. [ male announcer ] progresso. you go
CNBC
Dec 3, 2012 9:00am EST
rally here. again, the market is demonstrated that it believes a deal on the fiscal cliff is coming. i know. i didn't hear it over the weekend. headline risk was all anybody wanted to talk about on friday. if anybody says that a deal is not happening or it's going nowhere, we could wake up down 15 points on the s&p on monday. guess what? boehner said the deal is going nowhere. now, when i call the bulls on this, they say, bob, they didn't say a deal was off. they just said so far the negotiations are going nowhere. the market still believes that a deal is coming and it's going to be a substantive deal. instead and by the way, geithner insisted on tax rates issues. looks like there may be something happening eventually. we didn't fall apart on the whole thing. even futures weren't down overnight. instead we rally on a little bit overnight on the greek deal and for those that don't know and this is arcane depending on what kind of bonds you're talking about, the bonds that they are offering are priced well above what anybody was expecting. that's one of the reasons that greece is moving
CSPAN
Nov 28, 2012 8:00pm EST
boehner and house republican leaders talk about fiscal cliff negotiations. he says he is optimistic a deal can be reached with the president. >> morning, everyone. going over the fiscal cliff will hurt our economy and will her job creation in our country. republicans are committed to continuing to work with the president to come to an agreement to avert the so-called fiscal clef. one reason why we believe that we put revenue on the table as long as it is accompanied by serious spending cuts to avert a crisis. we believe this is the president's request for a balanced approach to this issue, and we are going to continue to work with the president to try to resolve this in a way that is fair for the american people. we all now that we have had the spending crisis coming at us like a freight train. it has to be dealt with. in order to try to come to an agreement, republicans are willing to put revenue on the table. it is time for the president and democrats to get serious about the spending problem our country has. i am optimistic. we can continue to work together to avert this crisis, sooner
Current
Dec 4, 2012 3:00am PST
there will be a deal? fiscal cliff? >> i don't think so before january 1st no. i actually don't. i think there may be a vote right after. one scenario i read about yesterday which i mentioned in my column this morning which was pretty interesting to me is that the republicans might let a vote happen in the house but all vote present and let it pass solely with the democratic voters. >> bill: okay. we'll talk about that and other scenarios with senator sherrod brown when we come back here on the "full court press." when the last card is played what will be remembered? explore the lives of the famous and infamous who changed our world forever. experience the drama, back to back to back. of all the hours in all their days, the ones you'll never forget are the final 24. don't miss the final 24 mini-marathon this sunday on current tv. save the best for last. >> announcer: chatting where you live at current.com/billpress this is the "bill press show," live on your radio and current tv. >> bill: you got it. 33 minutes after the hour now. the "full court
CNN
Nov 29, 2012 2:00am PST
, but they are expected to discuss strategies for dealing with the fiscal cliff. tim ' ner, the chief fiscal cliff negotiator meets today with congressional leaders to get the negotiations moving. >>> while you were sleeping lindsay lohan was arrested -- again. the new york city police department took her in after a fight at a club here in the city. officers say there is a possibility lohan hit a woman. they didn't confirm if she's being charged with anything at this point. >> lindsay lohan, club, 4:00 a.m., new york, bad combination. >>> anything can happen on the streets of new york city including a pony and a zebra running free on staten island. they escaped from the pen in the yard where they live but they were returned to the owner. >> is the zebra chasing the pony? >> looks like it. >>. >>> the new york times reporting on an officer who's a hero. he's kneeling down to put a new pair of boots on a homeless man. the 25-year-old officer purchased them at a nearby shoe store after noticing that the man was barefoot and was blistering. a woman from arizona snapped this photo with her cell phone c
MSNBC
Nov 29, 2012 11:00pm PST
and knowing they will be blamed if we go over that fiscal cliff. that's ahead. and you're watching "hardball," the place for politics. >>> back to "hardball." let's take making a deal here. for all those at home who want to see republicans and democrats work together to avoid the fiscal cliff, we can bring you two lawmakers who are open to cutting a deal before the end of the year. with me are members from both sides of the aisle, u.s. congressman lee terry, a republican from nebraska, and u.s. congressman jerry connolly, a democrat from nearby southern virginia. but first, i want to start with you. you told the "omaha world herald" this about republicans, we're screwed either way. we have no leverage in these discussions. congressman, what did you mean by that? >> what i mean by that is that the president wants us to take a tax vote before he's willing to talk about anything else cutting or reforming, and republicans just aren't going to do that. so what he's doing is setting us up to be the fall people for going over the fiscal cliff. frankly, going over the fiscal cliff is a win for the p
CNBC
Nov 29, 2012 6:00am EST
on optimism around the idea that we could reach some sort of a deal to overt the fiscal cliff. the dow closing more than 100 points higher after being down by more than that during the session. a swing like that hasn't happened since october 2011. u.s. equity futures at this hour actually higher. up by about 65 for the dow, s&p more than 7, and as joe mentioned, the fiscal cliff is still the focus. today treasury secretary tim geithner will be meeting with congressional leaders. first harry reid at about 10:00 and then followed by a session with john boehner, eric cantor, paul ryan and chairman of the house's tax writing ways and means committee dave camp. also lunch with republican senate minority leader mitch mcconnell and nancy pelosi. yesterday a number of high profile corporate leaders met with president obama at the white house, including lloyd blankfein. >> both sides have acknowledge there had is revenue concessions and entitlement concessions. in fact if you listen to it, again, i'm not a master of the political art here, but i would say if you have these point of views in a business
CNBC
Dec 4, 2012 9:00am EST
the biggest impact. he wants to see not just a solution to the fiscal cliff but a deal that addresses problems that go well beyond the january 1st deadline for the sequester. >> i think that if this doesn't move forward with a solution to actually start to lay out ground work to solve long-term issues, it could be disappointing even if it is fixed. >> we have talked to ceos that say they have to go to boards and lay out plans for what they're planning on doing in january and they have to move forward with the plan that has an assumption we don't get a solution. do you hear that from your clients? >> absolutely. i think it's not january. they were forming these plans in august and september. even leading up to that people becoming more conservative. that's had an impact on the growth in '13 all things being equal and i think we're in danger if this thing strings out into '13, you could have problems of what '14 would look like. they make the budget in half a year. the decisions are should i add new equipment? what would final demand be? all of that is done for corporate america for '13. you are
MSNBC
Dec 3, 2012 8:00am PST
it will be the democrats. >> it could be. depending on what happens. if they keep posturing we can go off the fiscal cliff it won't be such a big deal i don't think that's where most democrats will end up. you they are president and a lot of people down in washington saying they don't want to go off the fiscal cliff. as far as grover norquist notices, i don't think republicans should be caving to a special interest of one, frankly. we do see some brave republicans coming out there and they should be supported because they are about finding a solution. >> i want to show this tomb the president playing golf with former president bill clinton. how much do you think fiscal cliff was coming up during their golf rounds? >> i'm sure they talked about it because president clinton is a political wonk. what bill clinton showed during his presidency is that there's a way to show common ground with republicans who hate you. they impeached bill clinton but made a deal. they made a deal that was nor the right of where most democrats are. this president has a unique opportunity to make a deal for more towards his left.
CNN
Nov 30, 2012 11:00am PST
for word. but first this, the fiscal cliff, the talks hit a huge road bump. zingers and verbal jabs are flying while actual talks are at a stand still. president obama says republicans must agree to preserve a middle class tax cut as first part of any deal. and he linked republicans to scrooge today while touring a pennsylvania toy factory. listen. >> if congress does nothing, every family in america will see their income taxes automatically go up on january 1st. every family, everybody here, you'll see your taxes go up on january 1st. i mean, i'm assuming that doesn't sound too good to you. that is sort of like the lump of coal you get for christmas. that's a scrooge christmas. >> that's pretty scroogy, right? president obama's proposal calls for $1.6 trillion in new tax revenue. $50 billion for new stimulus spending. and about $400 billion in entitlement cuts. republicans say, the president's proposal's nothing but a political stunt. here is boehner. >> the white house spends three weeks trying to develop a proposal and they send one up here that calls for $1.6 trillion in new tax
CNN
Dec 3, 2012 6:00pm PST
and quote, sticks the middle class with the bill. so with 29 days to go until the fiscal cliff, what would it take to get a deal? joining me now, men on opposite sides, grover norquist, president of americans for tax reform and robert reish, former secretary of labor for president bill clinton and the author of "beyond outrage." none of the three of us are beyond outrage, grover norquist, which is why i keep having you back. the situation it seems to me as an impartial observer here is that both sides have now made fairly ludicrous offers that they know the other side is never going to accept in a million years. that does beg the question, grover, why bother, given that both sides know where they need to move, why the games? >> well, it's not clear that both sides know. the week after the election, president obama was asked do you have to have the higher rates or could we have deductions and credits and he said he was open to negotiations. three weeks later, after thanksgiving, he shows up and all of a sudden there's a line in the sand on rates that had come out of nowhere, so the presiden
MSNBC
Nov 29, 2012 2:00pm PST
and democrats work together to avoid the fiscal cliff, we can bring you two lawmakers who are open to cutting a deal before the end of the year. with me are members from both sides of the aisle u.s. congressman lee tori, a republican from nebraska, and u.s. congressman jerry conley a democrat from nearby southern virginia. but first, i want to start with you. you told the omaha world herald this about republicans, we're screwed either way we have no leverage in these discussions. congressman, what did you mean by that? >> what i mean by that is that the president wants us to take a tax vote before he's willing to talk about anything else cutting or reforming, and republicans just aren't going to do that. so what he's doing is setting us up to be the fall people for going over the fiscal cliff. frankly, going over the fiscal cliff is a win for the president. so either way we're going to get it. >> but i don't see why that's true because -- first of all, the president has talked around what kind of cuts he wants to do in nondefense discretionary and about a third of a tral dollars in ten years
CNN
Dec 1, 2012 10:00am PST
thish to drove us off the fiscal cliff. we're in the political dance now. we've seen this time and time again. there is still three weeks for a deal to be cut. the problem is that the white house threw down a heavy marker yesterday. we'll have to see if they're willing to compromise. it's got to be compromised on both sides. >> that's right. the marker they threw down, kevin, is it the white house says actual tax rates, the top tax rate, 35%, has to go up for the rich. and that limiting deductions won't be enough to get a deal. now you wrote in the atlantic this week that despite that there is a way around this for republicans who don't want to incur the wrath of norquist or as mark suggests, voters. how? >> right. so grover norquist pledge is actually incredibly misunderstood. it's based on what washington budgeting organizations call the current law baseline. what that means is that what scheduled to go into effect already is baked into the cake. and because the bush tax cuts are expiring provisions that were voted for ten years ago, it doesn't really count as a tax hike when they're
FOX News
Dec 1, 2012 10:00am PST
a shark, but it is about a cliff, the looming so-called fiscal cliff would trigger across the board tax hikes and spending cuts if no deal is reached. but what would happen to home values, if certain tax benefits disappear? four are drastically cut. and carolyn, the financial analyst joins me right now with details. carolyn, always good to see youment what about this? how will this affect home owners if we go off this show called fiscal cliff? >> kelly, you know, at this point there is so much speculation around this fiscal cliff, and you're talking about the housing market. there is talk about what would happen if some of these real estate write-offs are at least reduced or, you know, somehow changed. the housing market is one area that's actually shown positives in the past year or so. any sort of change with that to the mortgage interest deduction and also, any change, possibly in property taxes and those deductions could have a negative effect on the economy. but you know, kelly, there are things that are in our control, if you will. it seems like things are out of control with thes
MSNBC
Dec 2, 2012 11:00am PST
of avoiding tough choices on spending and wasting time in the effort to avoid the fiscal cliff. >> it's not a serious proposal. and so right now, we're almost nowhere. >> will there be a deal by the end of the year? and what are the consequences for the economy if there isn't one? we'll ask the president's lead budget negotiator, treasury secretary tim geithner. >>> then the view from capitol hill. are democrats as divided over cutting medicare as republicans are over tax increases? with us, two voices calling for compromise. republican senator bob corker of tennessee and democratic senator claire mccaskill of missouri. >>> finally, our special economic roundtable. as both sides battle over the nation's fiscal health, what can we expect from the economy in a second obama term? what is the vision for an economic rebound? >>> from nbc news in washington, the world's longest-running television program, this is "meet the press" with david gregory. >>> and good sunday morning. amidst a lot of partisan rhetoric on both sides, talks on the fiscal cliff are now at a stand still, and the presi
CNN
Nov 28, 2012 7:00pm PST
to raise just those rates would avoid the fiscal cliff, where all bush era tax cuts on all tack tax brackets expire at the ends of the year. the election, popular opinion and more give president obama a lot of clout right now. and you can agree or disagree with the president's policy. that's for you to decide. republican congressmen tom cole of oklahoma disagrees stronsly. at the same time, he recognizes the political reality that all tax cuts will expire on january 1st and no one wants to raise taxes on what would amount to 98% of all taxpayers. >> in my view, we all agree that we're not going to raise taxes on people that make less than $250,000. we should just take them out of discussion right now. continue to fight against any rate increases, continue to try to work honestly for a much bigger deal. >> congressman cole joins us shortly. a rock rib conservative. chair of the national republican congressional committee, and he's no longer a lone voice in the wilderness. the staunchly conservative editorial page of "the wall street journal" is on board as well. i'm quoting now. the
CSPAN
Nov 29, 2012 1:00am EST
the message that the country cares about not going off of the fiscal cliff and put it in place a comprehensive debt deal to deal with our country's fiscal challenges. the message they bought was we do not want you to go off the cliff. we do not want to bet the country. we want you to fix the country. we had a number of productive meetings in the past couple of days at the white house and leadership with the house and senate. and the first of house and senate members. we have come back pleased that we have been able to deliver the message of how the are so many people with different backgrounds and political points of view and life experiences who believe this is a critical moment for the country and a test for the country. but we are asking the members of congress to do is come together and take on these challenges, work together and put in place a plan for the good of the country. it is not about special interests. it is about public interest. this is a message dated first group of folks -- a diverse group of folks can deliver. on the campaign to fix the debt, i am so thrilled with what has h
FOX Business
Nov 30, 2012 9:20am EST
in the corner and make them rush in the middle of a panic as we are about to fall off of the cliff to cut a deal. stuart: here's my problem. if you get a deal, anything like what the president has proposed, or if you go over the fiscal cliff full tilt, either way, you will have a recession and president obama's second term starts on a very negative note for the american economy. >> you put your finger on the problem. the point of having these fiscal cliff negotiations is to avoid what could lead to a recession, to avoid a calamity. the proposal your putting forward leaves you with an even worse position than you are now, what is the purpose of this? stuart: stay there for a second. i want to get the company's opinion on the raising of the debt ceiling. it is and abolition of the debt ceiling so the president and borrow whatever he wants without congressional authority. >> extraordinary power grab like we haven't seen in a long time. washington d.c. has been in bubble bland. we are in a government bubble. washington d.c. is disconnected from the reality of real-estate going up but the issue is wa
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